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Comments (28)

  • Consultant in Consulting
Oct 11, 2021 - 7:20pm

Pretty sure London is better on all fronts (be it WLB, culture, comp, opportunities, etc.). For culture it is quite subjective but I think French culture is way more stiff and hierarchical than anglo-saxon work culture. Not to say that Paris is a bad place, still a premier financial centre but I think London wins hands down.

  • Consultant in Consulting
Oct 12, 2021 - 5:16pm

Interesting, maybe at junior levels but I think it plateaus much more quickly no (at least that is the preconception I had regarding continental offices in general)? And including French taxation it can't be that much better of a deal? Genuinely curious, my only true datapoint was internship pay which is beyond garbage at most places in Paris.

  • Associate 1 in PE - LBOs
Oct 12, 2021 - 5:19pm

Pay in Paris is about ~30% less at the Analyst Level than London (which is in turn ~10-15% worse than NY).

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  • Analyst 1 in IB - Gen
Oct 13, 2021 - 1:16pm

Are you sure about this?

I interned at a BB in Paris and have a few friends at other BBs and the likes of Lazard. The pay was around 65-70k for An1 and total comp was around EUR 105-110k on average, which brings it atleast as much as in London if not more. This is before the recent pay bumps. 

After the pay bumps, I think the An1 pay at my BB is 75k.

  • Associate 1 in PE - LBOs
Oct 14, 2021 - 4:32am

Isn't it £60k base + £40-50k bonus now?

In the past, I think it was something like £50+£30k for banks (i never worked in IB, I'm guessing admittedly, I used to make a bit more)

  • Analyst 1 in IB - Gen
Oct 14, 2021 - 5:56pm

Yes it is.

What I was trying to convey is when the  UK pay used to be 50+35 or so in Pounds, Paris pay used to be approx 65+40 in Euros. 

Also, may I ask if the PE firms in London are seeing any comp raises after the IB pay  bump?

  • Analyst 2 in IB - Gen
Oct 12, 2021 - 5:31pm

?? That is just wrong lol. What are your data points?

Cannot comment at the senior level but for juniors, salaries are higher in Paris while taxes are somewhat similar. CoL is lower. If you factor in participation/intéressement, there is no match.

I had offers in both cities and friends working in both as well. Even weak banks such as SG offer c.100kEUR packages.

  • Associate 1 in PE - LBOs
Oct 12, 2021 - 5:39pm

Analyst TC in London at PE (& therefore I assume IB too) is ~£100-150k. Assoc 1 promotion ~£230k ($300k) + co-invest/ carry.

No friends I know in Paris make that much and London taxes are probably lower. France is basically a socialist gulag.

  • Analyst 1 in IB - Gen
Oct 13, 2021 - 1:18pm

SG is not weak in Paris mate. Worked at a US BB in Paris and from what I have seen, SG fares much much better than the US counterparts in Paris. Both in advisory and in financing. 

  • Analyst 1 in IB - Gen
Oct 12, 2021 - 7:37pm

Don't chose on a marginal 10m income... wtf. 
 

London is the best city unless you hate the world outside France or can't live away from Your family 

Oct 13, 2021 - 12:32pm

Pay in London is a bit higher if you compare positions at similar bank. Some boutiques like Messier & Associés can pay 70k+70k bonus (two years ago so might have increased), which is fairly decent 

  • Analyst 2 in PE - LBOs
Oct 13, 2021 - 2:29pm

looking at your comments, the only disgusting thing is you lol 

you criticise everything

  • Analyst 1 in IB - Cov
Oct 14, 2021 - 9:24am

Damn, wonder what happened to you that you're that salty and racist.

You may think what you want about most people in the picture but to include a child in your racism is exceptionally low. Would be pretty ashamed if I were you.

Oct 15, 2021 - 12:42pm

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